I wonder if Far wants to play a game here. If they approach Lukoil and ask for their backing, they could possibly PE and sell their stake to Lukoil. Woodside would be in a pickle, because they then had to deal with a Russian company which they did not want to do due to US sanction. They would then be forced to PE Far sale to Lukoil or even start a bidding war.
Or they could approach Woodside now and threaten to PE their share (using the above scenario). And Woodside would then be forced to come to either buy out FAR share now, or come to a favourable terms for FAR to continue in the join venture.
I am not sure if the management have thought about the leverage that they have over Woodside in this situation?
FAR PREEMPTION ON SANGOMAR POSSIBILITY, page-10
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Last
46.0¢ |
Change
-0.010(2.13%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.5¢ | $28.82K | 62.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8730 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 205635 | 3 |
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| Last trade - 14.21pm 13/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |